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    703 Lilly Rd NE Olympia, WA 98506

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    For Lease
    $25 SF/Yr ($3,950 /Mo)

    Former physician's office with good access and parking.

    Property size:
    1,896 SF
    Lot size:
    0.00 Acres

    Property Features for 703 Lilly Rd NE

    General Information

    Size
    1,896 SF
    Lot size
    0.00 Acres

    Source: BHGRE Commercial Premier NW Agent Joni Baker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical/Office Space Near St. Peter

    This 1,896-square-foot property, formerly a physician's office, is located near St. Peter Hospital. It offers good access and parking. Tenant improvements are available to qualified tenants. The property is currently set up as a commercial condo, and purchase may be available.
    Location Intelligence

    Current Use by Public Records

    Dr. Linda Brown Internist Althea Acosta Dentist Medical Office Medical Office Symbio Bliss Massage ... Massage Therapist Dr. Vivian Lombillo Dermatologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia
    County
    Thurston
    State
    Washington
    Longitude
    -122.8447136
    Latitude
    47.0562604

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    FAQs

    What type of property is this?
    Medical office - Former physician's office with good access and parking.
    Where is this medical office located?
    The property is located at 703 Lilly Rd NE Olympia, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Good access and parking.; - Tenant improvements available to qualified tenants.; - Located near St. Peter Hospital.
    (360) 943-9922
    Request Owner's contact information
    703 Lilly Rd NE Olympia, WA 98506
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    Olympia, WA 98506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    703 Lilly Rd NE Olympia, WA 98506
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